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Jan 23, 2013
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>> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's credit card. but all republicans are frustrated by the senate not passing budgets. so the message that house republicans are sending to their senate colleagues is if you don't do your job you should not get paid. >> right now, the biggest issue is the debt that's crushing the future for our kids and our grand kids. hard working taxpayers understand you can't keep spending money that you don't have. so we're going to continue to focus, especially here over this next 90, 120 day period on bringing some fiscal responsibility to washington. >> sources say late today in that meeting house speaker john boehner announced that house budget chairman paul ryan, the former vice presidential candidate is working on a plan to balance the budget in less than 10 years. that gives some reassurance to conservatives who are anxious about voting to authorize more debt, shep. >> shepard: democrats, mike, said they wanted a longer extension. what's the word from them on this prop
>> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's credit card. but all republicans are frustrated by the senate not passing budgets. so the message that house republicans are sending to their senate colleagues is if you don't do your job you should not get paid. >> right now, the biggest issue is the debt that's crushing the future for our kids and our grand kids. hard working taxpayers understand you can't...
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Jan 23, 2013
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. >> democrats really think they won the round because the debt ceiling will go up in may. without offsetting spending cuts. republicans counter getting the senate democrats to agree to a budget by april means for the first time in four years congress may be able to show some degree of real fiscal discipline. bret? >> bret: thank you. senate majority leader harry reid hopes to get a deal done soon with republicans over new filibuster rules. they want to require senators to be present when they filibuster. republicans are resisting that. reid hinted he may use the so-called nuclear option to change the rules, with a simple majority of 51 votes instead of the usual two-third. the dow continued its momentum, up for a fourth day if a row today. industrial average gained 67. to reach the highest closing value since halloween of 2007. the s&p 500 finished ahead two. the nasdaq increased 10-1/2. we will hear from the chairman of the house foreign affairs committee a bit later. up next, why you are giving a powerful weapon to enemy of a friend. [ male announcer ] ok, here's the way
. >> democrats really think they won the round because the debt ceiling will go up in may. without offsetting spending cuts. republicans counter getting the senate democrats to agree to a budget by april means for the first time in four years congress may be able to show some degree of real fiscal discipline. bret? >> bret: thank you. senate majority leader harry reid hopes to get a deal done soon with republicans over new filibuster rules. they want to require senators to be...
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Jan 23, 2013
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, things like debt ceilings and spending in the outyears and budget caps and deficit or debt to g.d.p. ratios, that when distilled into common language these are the essential matters that americans care about. because they affect their livelihoods, they affect their capacity to find work and then find higher-paying work. growth of the economy, growth in job creation is essential to the president's vision. it is the core goal that informs everything he does on domestic policy and international policy. so, he believes that not only is it the right strategy to engage the ic people, it is essential as a reflection of why he's in this to begin with. to explain to them his vision and to listen to them about what their hopes are and the direction that they hope the country will move in. >> [inaudible] >> i have no scheduling announcements to make today but i can assure you he will be hitting the road throughout his second term. >> today marks one of the last times we'll see clinton on the public stage as secretary. we heard her receive a lot of praise from members of the senate this morning
, things like debt ceilings and spending in the outyears and budget caps and deficit or debt to g.d.p. ratios, that when distilled into common language these are the essential matters that americans care about. because they affect their livelihoods, they affect their capacity to find work and then find higher-paying work. growth of the economy, growth in job creation is essential to the president's vision. it is the core goal that informs everything he does on domestic policy and international...
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Jan 23, 2013
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ceiling. his strategy is vindicated now that the republicans have backed off their threats to take the nation into a default. the president stared down the republicans. they blinked. >> ifill: congress still faces other fiscal fights. automatic spending cuts are due to kick in on march first, and funding for the government runs out march 27. so, can the republican party use fiscal issues to regain its footing? for more on the political fights ahead we turn to susan page, washington bureau chief for "u.s.a. today." and stuart rothenberg of the "rothenberg political report" and "roll call." chuck schumer just said the republicans brinked. did they blink, susan, and does it matter if they did? >> i think a big recalbraigz on their part. they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will
ceiling. his strategy is vindicated now that the republicans have backed off their threats to take the nation into a default. the president stared down the republicans. they blinked. >> ifill: congress still faces other fiscal fights. automatic spending cuts are due to kick in on march first, and funding for the government runs out march 27. so, can the republican party use fiscal issues to regain its footing? for more on the political fights ahead we turn to susan page, washington bureau...
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Jan 23, 2013
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lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't exist the last time the senate passed a budget. >> the last time they passed a budget the ipad hadn't even been introduced. >> it is expected a block of conservatives probably will not support this. house leadership hopes that it will pass. it does provide some breathing room. it does not enforce the debt ceiling. we'll be back at this in a couple of months. natalie? >> kelly o'donnell, thank you so much. >>> cnbc's courtney reagan is at the new york stock exchange for us again this morning. good morning, courtney. >> good morning, natalie. that vote that kelly o'donnell was speaking of will calm wall street jitter
lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't...